ApeCoin’s Sister DAO & NFT Treasury Proposal Surpasses 70% Support
Animoca Manufacturers founder Yat Siu has not too long ago launched an formidable proposal, AIP-297, aimed toward increasing the horizons of ApeCoin. This proposal introduces the idea of a Sister DAO and an NFT group treasury, which has garnered overwhelming help, with 76% in favor as of now
The crux of AIP-297 is to ascertain a Sister DAO, separate from the primary ApeCoin DAO, with the membership requirement of proudly owning not less than 1 APE token. This Sister DAO will oversee the allocation of 750,000 APE tokens to an NFT treasury for the acquisition of mental property (IP) represented by NFTs.
The acquired NFTs, representing various cultures and influential web3 entities, can be saved in a community-governed vault, with choices made by Sister DAO members. The IP can be accessible to $APE holders, doubtlessly resulting in grants in $APE for its utilization within the close to future. The preliminary deployment of $APE for NFT acquisition can be decided by a Committee.
Importantly, the Sister DAO can be accessible to all ApeCoin DAO members, with possession of simply 1 $APE token as the only real requirement.
The community-run vault created underneath this proposal will purchase and empower using NFTs from varied collections throughout the web3 panorama. This initiative affords a number of advantages:
- Units an instance of $APE help for web3 initiatives.
- Permits ApeCoin group members to make the most of NFT IP for his or her most well-liked initiatives.
- Enhances cross-community dialogue and educates ApeCoin DAO individuals.
AIP-297 proposes an preliminary price range of 750,000 ApeCoin tokens from the DAO treasury for NFT acquisition and associated companies. This consists of 500,000 $APE for NFT purchases and 250,000 $APE as a buffer for unexpected wants.
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